Hyperlawhypertext legal database Bank Act

← Historical versions

Versions of s. 756(1)(g)

B-1.01 — Bank Act · 3 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2012-05-24 to present available View Source
    a director may be removed from office only if the number of votes cast in favour of a motion to remove the director is greater than the product of the number of directors required by the by-laws and the number of votes cast against the motion; and
    Full text

    a director may be removed from office only if the number of votes cast in favour of a motion to remove the director is greater than the product of the number of directors required by the by-laws and the number of votes cast against the motion; and

  2. 2006-04-27 to 2012-05-24 View Source
    a director may not be removed from office only if the votes cast against the removal would be sufficient to elect the director and those votes could be voted cumulatively at an election at which the same total number of votes were cast andin favour of a motion to remove the samedirector is greater than the product of the number of directors required by the by-laws wereand thenthe beingnumber elected;of votes cast against the motion; and
    Full text

    a director may be removed from office only if the number of votes cast in favour of a motion to remove the director is greater than the product of the number of directors required by the by-laws and the number of votes cast against the motion; and

  3. 2003-01-01 to 2006-04-27 View Source

    a director may not be removed from office if the votes cast against the removal would be sufficient to elect the director and those votes could be voted cumulatively at an election at which the same total number of votes were cast and the same number of directors required by the by-laws were then being elected; and